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Jan 15, 2013
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you're a smart guy. 50% of the the government spends it on those programs, another 10% on defense. what do you say they have to cut? >> i would say social security. they're living a lot longer. some of our members are well beyond retirement age. americans are working longer. >> 70? means test -- >> push retirement to 70. means test income on both social security and medicare. i do not thing that -- i think there smould be a mucher hee r higher. also push the age term. >> are you okay as a rich guy paying for other ee retirements. you're not going to get all that money. >> i don't mind. that's part of been an machinery and i understand it. i don't need benefits that i can support myself or my company pays for as a result of my employment. so i think will. numb were one is we've the foig out to -- going to be. we had a and the information and very little and job creation initiatives. that i have run out of yns a that tiftd level. >> i them he's going to hit the ground running which suh new team. spending cuts will be a reform in terms of spending money. the government can do a lot mo
you're a smart guy. 50% of the the government spends it on those programs, another 10% on defense. what do you say they have to cut? >> i would say social security. they're living a lot longer. some of our members are well beyond retirement age. americans are working longer. >> 70? means test -- >> push retirement to 70. means test income on both social security and medicare. i do not thing that -- i think there smould be a mucher hee r higher. also push the age term. >>...
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Jan 18, 2013
01/13
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i want to look at what is happening in the defense business, sequestration and the defense budget. >> if you could only see the look that teranova is giving you as you speak. >> pete and i are speaking the same thing. how is he qualified to talk about commercial airline when he flies all over the country privately? it doesn't make sense to us. >> i talk to people like you and i say what is it like? >> guys, guys. just to bring you back to a trade here on boeing what you're -- what are you truly risking? you're only looking for a couple dollars to the upside. it is dramatic they've been able to hold on for the price but why risk it to hold this level. that is not -- got to run v a great weekend. steve grasso. one of the biggest bears on netflix gets bullish all of a sudden. should you get in on the stock ahead of the results next week? we have a list of names to own as china's economy shows signs of rebounding more halftime up just after the break. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifa
i want to look at what is happening in the defense business, sequestration and the defense budget. >> if you could only see the look that teranova is giving you as you speak. >> pete and i are speaking the same thing. how is he qualified to talk about commercial airline when he flies all over the country privately? it doesn't make sense to us. >> i talk to people like you and i say what is it like? >> guys, guys. just to bring you back to a trade here on boeing what...
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Jan 17, 2013
01/13
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. >> the automatic spending cuts which affect discretionary spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next, hopefully they can do something that can last more than three or six months. it will be good for everyone. it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole sheba
. >> the automatic spending cuts which affect discretionary spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next,...
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Jan 15, 2013
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anybody that shorts this stock has to play defense unless ackman has a catalyst that is not himself. >> well, but to your point, karen, you are saying the short squeeze, it could theoretically continue as the shorts get out, there could be more in but if you take the shares off the market -- >> out of circulation. >> it becomes smaller and the squeeze becomes more painful. >> and guy being as old school that he is -- >> that's my thing. >> i am old school. if you think this hasn't happened, it happened before. in the early 2000s, irvin jacobs, probably been on the network from time to time and carl icahn, who is a regular on the network, butted heads where jacobs actually took out an article empl'e imploring people short sales. and it went from $4, rallied to $18. he wound up being right and then carl wound up winning in tend. >> happens a lot. >> always useful. >>> all right, coming up next, why america's shopping malls could be a dying breed. we go dead mall walking with one of the industry's most vocal skrit ickes. >>> first, surf's up. two areas you may want to bail out on. stay
anybody that shorts this stock has to play defense unless ackman has a catalyst that is not himself. >> well, but to your point, karen, you are saying the short squeeze, it could theoretically continue as the shorts get out, there could be more in but if you take the shares off the market -- >> out of circulation. >> it becomes smaller and the squeeze becomes more painful. >> and guy being as old school that he is -- >> that's my thing. >> i am old school. if...
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Jan 14, 2013
01/13
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they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then say but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. th
they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then...
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Jan 17, 2013
01/13
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the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready to play folks? the debt ceiling game, calling this the home edition, here are different items in the government, in the federal government budget, what you've got to do is check a box, fund it or don't fund it. now we've rigged this now so we've worked on tv. we're going to fund all these things. and what we're going to do is we're going to make our spending equal the cash flow of 277 billion dollars so we're going to pay the interest, we're going to pay medicare, medicaid, social security, military pay, retirement, veterans benefits and defense vendor payments, federal salaries. okay got it. 275.
the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready...
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Jan 15, 2013
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retail sales picking up, but defense against different issues. you know, for example, what the economy is going to look like in its entirety for the fourth quarter. gdp of course for the first quarter is going to be coming out at the end of this month. we're going in with a minus 45 or so on dow opening new york futures. they've shaved that by about eight or nine points. looks like we're going to slip under 3% in the 30 year and we're testing 180. excuse me, 30 year testing 180 in a ten year so i guess the best cure for all the nervousness about rising rates is just a little slippage in equities. definitely along with mr. ben bernanke comments i guess possibly as well. back to you. >> okay, rick, thank you. why don't you stay there and get some more commentary on these numbers. steve liesman is here on set. john writing is chief economist at rdq economics. steve a lot of numbers to run through. >> yeah. >> retail sales a little better than expected. bad news is the empire state numbers. >> we've had weakness there, and the weakness remains, and t
retail sales picking up, but defense against different issues. you know, for example, what the economy is going to look like in its entirety for the fourth quarter. gdp of course for the first quarter is going to be coming out at the end of this month. we're going in with a minus 45 or so on dow opening new york futures. they've shaved that by about eight or nine points. looks like we're going to slip under 3% in the 30 year and we're testing 180. excuse me, 30 year testing 180 in a ten year so...
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Jan 16, 2013
01/13
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the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are probabl
the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth...
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Jan 15, 2013
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it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> the top spot at sirius satellite radio in 2004, left the company about a month ago. during his time as ceo, the subscribers jumped to 23 million. and avoided a very close call with bankruptcy in 2009, when john malone's liberty media injected $530 million in return for 40% stake. that stake now just under 50%. one key reason mr. karmazin stepped down. we're joined by mel karmazin, first interview since he retired. but he hasn't really retired. am i going
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from...